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Stately, plump Buck Mulligan loves Irish literature and baseball. A book of Irish poetry costs $40, and a baseball ticket costs $30. Assume that Buck

  1. Stately, plump Buck Mulligan loves Irish literature and baseball. A book of Irish poetry costs $40, and a baseball ticket costs $30. Assume that Buck has $2400 to spend.
    1. Show Buck Mulligan's optimal mix of poetry and baseball. (There is no one correct answer.)
    2. Suppose Buck has the chance to buy a season ticket (for simplicity, assume this is 80 games) for $1200.
  2. Show how the season ticket affects Buck Mulligan's budget constraint.
  3. Should Buck Mulligan buy the season ticket? Justify your answer. (Again, there is no one correct answer.)

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